FastTrack Economic Development Fund
The FastTrack Economic Development Fund supports major business projects in Tennessee that drive job creation and capital investment, administered by the Tennessee Department of Economic and Community Development.
Funder: Tennessee Department of Economic and Community Development
Due Dates: Rolling (Applications accepted year-round)
Funding Amounts: Discretionary grants; amount based on project needs and community impact; covers costs like property acquisition, construction, and retrofits.
Summary: Supports Tennessee communities by reimbursing major business project costs that drive job creation and capital investment.
Key Information: Grants are highly competitive and awarded only in exceptional cases with significant economic impact.
Description
The FastTrack Economic Development Fund provides financial assistance to Tennessee communities for projects led by new or expanding companies that have a substantial positive impact. Administered by the Tennessee Department of Economic and Community Development (TNECD), this grant reimburses eligible expenditures such as real property acquisition, new construction, and building retrofits. The primary goal is to spur significant job creation, capital investment, and long-term economic growth in Tennessee by supporting projects that are otherwise unlikely to proceed without state support.
